Conventional Fixed Rate Loan

Looking to stay in your home for a while? A fixed-rate conventional loan provides the stability of a principal & interest monthly payment that won’t change. Borrowers with funds for at least 20% down can also save by eliminating the need for mortgage insurance. This is a great option for buyers selling a current home with equity or refinancing out of an ARM or FHA loan.

Low, Fixed Rate

Conventional loans can offer the stability of a low, fixed rate with a payment that won’t change from month to month and feature a wide variety of term options.

No Mortgage Insurance (MI)

Borrowers putting 20% down or more on a conventional loan can save $ by eliminating the need for mortgage insurance. Those putting less than 20% down can also eliminate MI down the road once enough equity has built up.

A little help from my friends

Just because you’re aiming to put 20% down doesn’t mean you can’t use a little help. Conventional loans allow for both seller concessions and gift funds from friends or family.